Inflation Move

November 24, 1985

LISBON, PORTUGAL — A gallon of premium gasoline now costs $2.69. The prices of electricity, water, milk, bread and public transport are up 14 percent. The increases were announced by Portugal's government Saturday night. Agriculture Minister Alvaro Barreto said the goal is to keep a tight rein on inflation next year. The Social Democratic government, formed after last month's general election, has pledged to raise living standards and boost investment to lift Portugal out of a severe two-year recession. Inflation in 1984 was 29.3 percent. It is expected to be 19.5 percent this year. Barreto said the goal for 1986 is 14 percent.